Job Description: Cost Manager

Position Overview

The Cost Manager will own end-to-end cost management for assigned projects — budgeting, cost

control, value engineering, and process standardization — working closely with project, design,

procurement, and finance teams to keep projects within approved budgets and drive continuous

improvement in the cost management function.

Key Responsibilities

Lead construction cost planning, estimation and budgeting for real estate projects from concept

to completion.

Prepare and review BOQs, quantity estimates, rate analysis and detailed construction cost

estimates.

Develop and maintain project cost plans, element-wise budgets and construction cost

benchmarks.

Monitor actual costs, commitments and forecasts against approved budgets, identify variances

and control cost overruns.

Prepare Cost-to-Complete (CTC), cost forecasts and management cost reports
Evaluate cost impact of design changes, variations, additional works and scope changes.




Drive value engineering and cost optimisation while maintaining project quality and specifications.
Review tender estimates, contractor quotations, rate comparisons and commercial proposals.
Coordinate with Design, Projects, Procurement, Contracts and Finance teams for effective cost

management.

Maintain construction cost databases, historical rates and project benchmarks to improve

budgeting and estimation accuracy.

Ensure budget allocation, cost data integrity and WBS mapping in SAP and support project cost

audits.

Skills & Competencies

Strong grounding in cost estimation, budgeting, cost control, and value engineering.
Working knowledge of SAP (PS/MM), AutoCAD, and advanced MS.
Proficiency in BOQ preparation, rate analysis, quantity take-offs, and tender documentation.
Robust analytical ability, attention to detail, and communication/negotiation skills; process-

improvement mindset.

Qualifications & Experience

Bachelor in Civil Engineering.
10-14 years' experience in pro

📌 Cost Manager (Mumbai)
🏢 House of Hiranandani
📍 Mumbai